28.07 +0.05 (0.18%)
After hours: 4:36PM EDT
|Bid||0.00 x 1200|
|Ask||0.00 x 2200|
|Day's Range||27.98 - 28.08|
|52 Week Range||21.51 - 30.79|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.11|
|Expense Ratio (net)||0.66%|
With Federal Reserve Chairman Jerome Powell paving the way for rate cuts during his testimony to Congress, China's central bank could essentially follow suit as it must react to its slowing economy. “If the Fed does go ahead and cut rates, which I don’t think is a given ... it simply means the PBoC has a little breathing room to see if the policies it has implemented have an impact on the real economy,” said Hannah Anderson, global market strategist at J.P. Morgan Asset Management. The Chinese economy is languishing amid a trade war with the U.S. Looser monetary policy would put less pressure on China’s central bank to ease monetary policy.
Despite the lingering uncertain outlook with trade disputes not yet settled, Chinese market and country-specific ETFs still offer opportunities for investors. “Regardless of what ultimately happens with the China trade tensions, there is a robustness to China that doesn’t exist anywhere else in the emerging markets,” Lewis Kaufman, a portfolio manager at Artisan Partners, the Artisan Developing World (ARTYX), told CNBC. It’s very difficult to access domestic demand through the vehicles we would wish to use in so many emerging-market countries,” Kaufman add.
In particular, investors have had a penchant for A-Shares the last 12 to 18 months, which represent China's biggest and best equities. Furthermore, they represent pure-play opportunities as China continues to expand access to its markets. Eugene Qian, president of UBS Securities, said that an estimated $70 billion “should come into A shares by the end of the year." Of course, a tangible trade deal could even mean more interest in Chinese shares.
China country-specific ETFs were leading the charge Monday after President Donald Trump and Chinese President Xi Jinping agreed on a stay in the prolonged trade war and renewed trade talks. Among the best ...
Asian Stocks Down, Europe Berates Iran on Nuclear Deal Chinese stocks (NYSEARCA:ASHR) are down this morning on news that President Trump didn’t actually promise Chinese President Xi Jinping a six-month hiatus on new tariffs, as widely reported in the media yesterday. So 25% tariffs on $300 billion Chinese goods coming into the US could come […]The post Market Morning: No China Promises, Democrats Debate, New Age Crossfire, Russian Stocks Bullish appeared first on Market Exclusive.
Asian Markets Turn Bearish as China Says It's Not Afraid to FightTrade war here to stay?Yesterday, Asian markets largely shrugged off Trump’s comments about imposing fresh tariffs if he and Xi Xingping don’t meet in China. Markets in fact rose
China country-specific exchange traded funds rallied Tuesday after Beijing paved the way for more spending on infrastructure. Among the best performing non-leveraged ETFs of Tuesday, the KraneShares CSI ...
China A-shares exchange traded funds have dipped into a bear market territory as the emerging Asian market suffers from the prolonged trade spate with the U.S. The underlying benchmark tracks the performance of the 100 largest and most liquid China A-share stocks listed and trading on the Small and Medium Enterprise (“SME”) Board and the ChiNext Board of the Shenzhen Stock Exchange. Meanwhile, the more widely observed Xtrackers Harvest CSI 300 China A ETF (ASHR), which tracks track the CSI 300 Index, plummeted 14.7% off its highs.
DWS Group today announced that 15 of its Xtrackers exchange-traded funds (ETFs) will be available commission-free on TD Ameritrade’s ETF Market Center, including the high-yield and China A-share suites on June 3, 2019. “We are pleased to be able to provide our Xtrackers ETFs to TD Ameritrade clients,” said Fiona Bassett, Global Co-Head of Passive Asset Management and Global Co-Head of Product. “As a global asset manager, we are looking to provide investment advisors and individual investors with access to new markets and sectors in a cost-efficient and transparent way.
Emerging Asia: Jakarta and Shanghai Gained, Other Indexes FellTip of the icebergHaving a state-run media helps countries like China make veiled threats and test the waters.On May 29, China’s People’s Daily, a state-run newspaper, published a
Chinese Indexes Surge even though Trump Isn't Ready for a Deal(Continued from Prior Part)Chinese indexes The Chinese indexes closed on a high for the third consecutive day today. The Shanghai Composite Index rose 18 points, or 0.61% today.
Most Asian Indexes End the Week on a Good NoteAsian marketsDespite the disappointing PMI data for May around the world, most Asian markets ended in the green on May 24.On May 23, President Trump announced a $16 billion bailout package for farmers
China Readies for 'Long March' as Modi Is Set to Win in IndiaThe long marchChinese Premier Xi Jinping urged citizens to embrace “the new long march” amid rising trade tensions with the United States. With this term, he is asking people to be
Emerging Asia: Chinese Indexes Recover, Indian Indexes Shed GainsThe United States eases restrictions on HuaweiGiven the new (mostly negative) trade war drama that’s been unfolding every day for the last couple of weeks, it was like a breath of
Emerging Asia: Chinese Indexes Drop, India Gains on May 20New week, new fallThe US-China trade war seems to be escalating by the day into a possible catalyst for the next global financial crisis. On May 17, China’s state-run media machinery said
Chinese Indexes Fall while Indian Indexes Rise TodayNo end in sight?Yesterday, the Shanghai Composite gained even though the trade war seemed to be intensifying with Trump adding Huawei to the banned companies’ list. Department of Treasury data
May 16 Update: Trade War Turns to Treasuries and HuaweiTrade War escalatesThe trade war between the US and China is getting nastier. Yesterday, President Trump signed an executive order prohibiting US companies from using communication technology
Most APAC Markets Recover on US Optimism, China's Stimulus HopesChinese stocks gainMarkets eased today as President Donald Trump called the US-China trade war “a little squabble” and tweeted that the deal would happen “much faster than people
With the Dow Jones Industrial Average off by roughly 2.25%, the S&P 500 down by 2.3%, and Nasdaq Composite down over 3%, President Trump announced that the latest round of retaliatory tariffs declared by China on Monday put the United States in an excellent position, and represent “a very positive step” in the ongoing trade negotiations. China responded Monday to President Donald Trump’s latest barb in the trade war between the world’s two largest economies by threatening to hike tariffs on $60 billion in U.S. goods to as high as 25%. The retaliatory moves by the Chinese followed the Trump administration’s move Friday to increase duties on $200 billion in Chinese goods to 25% from 10%.
May 13 Update: Inconclusive Trade Talks Take Asian Stocks DownRecovery followed by a fallAfter recovering spectacularly by over 3% on May 10, the Shanghai Composite Index fell again today—its third loss in the last five trading days. The
APAC: Will It Be Endgame or an Infinity War for Trump and Liu?Rise of the fallenThis week was brutal for Chinese and Hong Kong markets until May 9. It all started with President Donald Trump’s tweets on May 5 announcing tariffs on $200 billion
Regarding the latest breakdown in trade deal negotiations with China, U.S. President Donald Trump said the latest tariff threats were a necessity given that China "broke the deal." President Trump's latest comments came while speaking at a rally in Florida. The reason for the China pullback & attempted renegotiation of the Trade Deal is the sincere HOPE that they will be able to “negotiate” with Joe Biden or one of the very weak Democrats, and thereby continue to ripoff the United States (($500 Billion a year)) for years to come.... China responded to the latest tariff threats by U.S. President Donald Trump by promising to take “necessary countermeasures” if the Trump administration follows through on its threat to increase tariffs on Chinese goods this Friday.
With two tweets, and some tongue wagging from his staff, President Donald Trump threw a hatchet in the stock market rally this week, triggering fears that the trade war with China may not be resolved as expected. Complicating matters are Iranian threats to alter a nuclear treaty that limited its weapon-grade uranium enrichment production unless some trade restrictions are eased. Anyone who feels compelled to take action should consider monetizing the fear that now defines the options market.
U.S. President Donald Trump's tweeting paved the way for investors to purchase China-focused exchange-traded funds at a discount. “What Trump did this weekend was give investors an opportunity – it opened up the door,” said ETF Trends CEO Tom Lydon during an appearance on Varney & Co on Fox Business Network on Monday. “Chinese stocks are down 7% (overnight).
Futures Bounce on Liu He Visit News of a visit to the United States by Chinese Vice Premier Liu He has caused a futures bounce in US and Chinese markets. He (the Liu one) will visit the US for trade talks in what may hopefully salvage collapsing negotiations after Trump threatened to jack up tariffs […]The post Market Morning: China Bounce, Water Stocks, Brexit Customs Union, CBD Goes Golfing appeared first on Market Exclusive.